Gold trading strategy target 500 Pips!
Gold prices today continue to hover around $2,936 per ounce, showing little movement compared to the previous session. Currently, the precious metal remains within the range of the Bollinger Bands, with no clear directional trend established.
However, safe-haven demand continues to support gold as investors grow increasingly concerned about economic growth prospects, particularly following President Donald Trump's new tariff plans. Ongoing trade tensions, tariff policies, and geopolitical uncertainties worldwide are providing stability to gold prices.
Additionally, the market is closely monitoring the U.S. Federal Reserve's (Fed) interest rate policy. The Fed has yet to offer a clear assessment of the impact of tariffs on inflation. Nevertheless, expectations for a rate cut are rising, with a high probability of at least one 25-basis-point reduction and a 44% chance of an additional cut in December. This could further support an upward trend in gold prices in the coming months.
However, safe-haven demand continues to support gold as investors grow increasingly concerned about economic growth prospects, particularly following President Donald Trump's new tariff plans. Ongoing trade tensions, tariff policies, and geopolitical uncertainties worldwide are providing stability to gold prices.
Additionally, the market is closely monitoring the U.S. Federal Reserve's (Fed) interest rate policy. The Fed has yet to offer a clear assessment of the impact of tariffs on inflation. Nevertheless, expectations for a rate cut are rising, with a high probability of at least one 25-basis-point reduction and a 44% chance of an additional cut in December. This could further support an upward trend in gold prices in the coming months.
Trade active
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.